KPR Mill Share Price Jumps Nearly 18% on June 24, 2026; Up Over 30% in 1 Month Amid Cotton Duty Relief

KPR Mill share price was in focus on June 24, 2026, after the stock surged nearly 18% during intraday trade and hit a high of ₹1,334 on the NSE. The stock's sharp move also marked its biggest single-day gain since October 13, 2008, when it had advanced 20% in a single session. 

Government Exempts Cotton Imports from Customs Duty Until October 30 

Earlier this month, the government announced a temporary exemption from customs duties on cotton imports with effect from June 1, 2026. The exemption will remain in place until October 30, 2026. 

The measure was introduced to improve the availability of raw material for the domestic textile industry amid concerns over tight cotton supplies and elevated prices. 

According to the government, the temporary waiver is expected to lower input costs for textile and apparel manufacturers while providing targeted relief to the industry and consumers. 

How the Duty Waiver Could Benefit Textile Manufacturers 

Cotton is a key raw material for textile companies, and any reduction in procurement costs can influence manufacturing economics. 

The customs duty exemption is expected to allow access to lower-cost imported cotton, helping textile manufacturers manage raw material expenses during a period of supply constraints. 

Industry participants had sought the waiver, arguing that softer raw material costs could improve competitiveness in domestic and export markets while helping manufacturers pass on some cost savings to consumers. 

The measure is also expected to support the industry ahead of the festival season and export demand cycle. 

Textile Sector Receives Temporary Relief 

The government has stated that the exemption seeks to balance the interests of textile manufacturers, consumers, and domestic cotton farmers. 

India's textile industry remains a major contributor to employment and export earnings, and the temporary duty relief is aimed at addressing immediate supply-side pressures within the sector. 

Market participants have been evaluating the potential impact of the measure on textile companies that rely heavily on cotton as a raw material. 

Read More: LIC Dividend Record Date Tomorrow, June 25: Check Dividend Amount, Eligibility and Payment Date 

KPR Mill Share Price Performance 

KPR Mill share price was trading at ₹1,241.25, up ₹110.10 or 9.73%, as of 11:40 AM on June 24, 2026. 

The stock opened at ₹1,139.00 and touched an intraday high of ₹1,334.00 and a low of ₹1,135.00.  

Over the past 1 week, the stock has gained 18.91%, while its 1-month return stands at 31.74%.  The company's market capitalisation stood at ₹42,403.74 crore. 

Conclusion 

KPR Mill share price rose nearly 18% on June 24, 2026, extending its recent gains and taking its 1-month return to over 30%. The stock has attracted attention as investors assess the potential benefits of the government's cotton import duty exemption, which remains in effect until October 30, 2026, and is aimed at improving raw material availability for the textile industry. 

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